ICP Solar Technologies Inc. has entered into a binding letter of intent to acquire Ibersolar Energia SA, a European manufacturer and supplier of solar photovoltaic systems, solar thermal systems and absorption units.
‘I am extremely pleased to announce the most important strategic decision in our company's history,’ says Sass Peress, chairman and CEO of ICP Solar. ‘By acquiring Ibersolar, ICP will see a twenty-fold increase in the size of its business and automatically become a recognized player in the burgeoning European market.’
Ibersolar Energia offers a wide range of PV modules, grid-connected and off-grid inverters, mounting systems, solar trackers and monitoring equipment, as well as complete solar thermal systems, including high-performance collectors, solar boilers, controllers and thermal siphons.
SOURCE: ICP Solar